I'm a big fan of small fusion projects. Especially after hearing what Plasma Physicist and author of Principles of Plasma PhysicsDr. Nicholas Krall said, "We spent $15 billion dollars studying tokamaks and what we learned about them is that they are no damn good." And they seem really hard to build even. And who knows, if the Polywell experiments being done by the US Navy are successful the ITER project may just wind up as a big hole in the ground in France.

Update:

Here is the progress report given so far by EMC2:

EMC2 Fusion Development Corporation has been formed as a charitable research and development organization in frontier energy technologies with emphasis on fusion.